PANews, December 4 - South Korean President Yoon Suk-yeol announced a state of emergency, triggering a surge in cryptocurrency market trading volume to $34 billion within 24 hours, setting a new annual high. Among them, Upbit's trading volume reached $27.25 billion. The state of emergency led to panic selling in the market, with Bitcoin's price briefly dropping to $62,182, and several exchanges experiencing service interruptions. Six hours later, the emergency decree was rejected by the National Assembly, and the market gradually stabilized.
